(The Business Insider) Add David Siegel, co-founder of $45 billion hedge fund Two Sigma Investments, to the list of those warning against protectionism. In an op-ed on LinkedIn, Siegel recites a recent trip to an Abu Dhabi camel farm, which he toured in a “comfortable, Japanese-made SUV.” His host explained that everyone used to drive American cars, but they don’t stack up anymore.
“As US policymakers wrestle with how to stanch (if not reverse) the decline of manufacturing employment and alleviate the US trade deficit, my thoughts often return to that conversation in the desert, and to many others like it,” he said.
